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14 April, 01:42

LeVon Fashions specializes in imported clothing. During March, LeVon completed a series of transactions. For each of the following items, give an example of a transaction that has the described effect on the accounting equation of LeVon Fashions.

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  1. 14 April, 01:53
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    Answer: Increase an asset, increase a liability.

    Purchasing asset on account and getting long term Loan
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